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osborne unveiled the government's proposed tax and spending plans to members of the british house of commons. he told members 600,000 more jobs will be added this year according to forecasters. corporation tax will be cut to 20%, the lowest tax rate than any other economy in the world. in his one-hour speech, chancellor osborne announced measures aimed at assisting small business owners, first- time homebuyers, and british veterans. this is about an hour and 15 minutes. mr. deputy speaker, this is a budget for people who aspire to work hard and get on. it's a budget for people who realise there are no easy answers to problems built up over many years. just the painstaking work of putting right what went so badly wrong. and together with the british people we are, slowly but surely, fixing our country's economic problems. we've now cut the deficit not by a quarter, but by a third. we've helped business create not a million new jobs, but one and a quarter million new jobs. we've kept interest rates at record lows. but mr. deputy speaker, despite the progress we've made, th
the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a charade, it is a capitulation to the tea party. it does not serve us well in economic recovery and the ways we want to grow america. it's a plan for economic weakness. it's a receding vision of american greatness. in
their proposals on taxes. under their budget, the top rate is to be reduced from 39.6% to 25%. the a.m.t. will be repealed. the corporate tax rate will be cut from 35% to 25%. but you don't find one sill bell in the republican budget on how these tax cuts will be paid for. . they don't identify a single tax policy that will end. the republican budget would mean a huge tax cut for the very wealthy, several $100,000 a year and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. that isn't balance. that is total imbalance. at the same time, republicans propose cutting $3.3 trillion from programs for people with low and moderate incomes, including hundreds of billions of dollars for food nutrition and medicaid programs. so i want to end by asking the republicans when they come and talk about their tax proposals to name a specific that they would address. it's not in the republican budget. name one, name two, name three. otherwise, it's worse than empty. the chair: the time of the gentleman has expired. the gentleman from wisconsin.
it to the rich. let's raise taxes trillions of dollars. let's go and stick it to special interests like people who he provide gasoline at the pump. to raise taxes on oil companies. ladies and gentlemen, every time you raise taxes, you raise prices. and every time you race -- raise prices the consumer has to pay more for it. these are the ideas that make america less able to be prepared for its future and cost more money. that's why when you look at this slide you see where the laws already enacted by the democrats are leading america to where we will be functionally bankrupt. we are following theure peaian model exactly what -- the european model exactly what they have done over there for a number of years and now we are seeing firsthand, iceland, greece, cyprus just yesterday. this is the pathway that if our friends, the democrats, get their say, this is where they'll lead us. so republicans through paul ryan spoke about we want to make sure that medicare, social security, that the free enterprise system is alive and well by making these plans and the process therein ready for the employers a
now that they are working on does nothing more than raise taxes. they want more of your money, more money out of your paycheck. ask yourself does washington really need more of your money? we are $16 trillion in debt. we have deficits we can't even wrap our arms around, and they want more of your money. if you were a financial advisor that put you $1 million in debt and ripped through your college savings for your children and all of your checking account and said, just give me more money and we'll solve the problem, would you do it? absolutely not. more than jobs, though, we are also working to save medicare and social security, the commitments that we have made to the american people. so let's take a look here at the big picture. here's a budget breakdown of where we are at right now. look, your eyes are glazed over and we start talking about the trillions of dollars that we spend, but let's take a look at what you pay versus what you expect. this big blue part right here? that's on auto pilot. no adults have come to the table to talk about where we are at today and how to actuall
taxes taken out of the pockets of hardworking american families, more government spending which adds to the trillions of dollars in debt that will be handed down to the next generation. our friends on the other side of the aisle talk about a balanced approach, but they refuse to even balance their own budget. our vision calls for a stop to washington's failed policies and reckless spending. it says american families and small businesses understand you can't spend more than you take in. you need to balance your budget, and it's time for washington to do the same. this vision seeks to protect the things that we value most, to keep the promises we made to our seniors, to our veterans. i'm the son of a u.s. marine. while at the same time allowing us to leave a better future for our kids and our grandkids, that's the vision i want to work toward and that's why i'm proud to support the house budget committee's proposal which we'll be voting on later this week. this isn't about passing a budget for one year, just one time. this is about creating lasting solutions that help grow our economy
the americans people and addresses things that are important to american families. you know, fixing the tax code, lowering the rates means more jobs and higher wages for the american people. voting for this budget means voting for the keystone pipeline. american-made energy means more jobs and lowering energy prices for the marn people. supporting patient-centered reforms means more jobs and lower health care costs for the american people. and protecting and strengthening medicare meeds a secure retirement for older americans. cutting waste means more airness and accountability for hardworking taxpayers. doing this means preserving the american dream, which is what we were sent here to do. we've balanced the budget before. 1997, republican congress working with a democrat president, bill clinton, came together to put the plan that would in fact balance the budget and we did. for four years ran a budget surplus. the president has an opportunity during this critical debate to come forward and to help make this part of his legacy like it has become part of the clinton legacy. working together on be
of the little things we saw like a vote yesterday in the senate to repeal the medical device tax in obama care, not going to be binding. so even though they took dozens and dozens, they considered more than a hundred amendments in the last 24 hours, none of those will have effect. t was mostly symbolic. host: we go to james. caller: everybody is complaining about government shutdown and all the situations we are dealing with. i want to ask the question why isn't anybody going back to the root of this situation when we got into this with president bush with illegal war. now president obama is bringing the soldiers back and the war is over. where are the funds from that to be utilized back into society and all the oil we got from you is dam hugh sane. why isn't going back to the fact the reason we got into this is what happened with bush and his administration and obama had to pull us out of that. nobody was complaining about hutdown and all these problems that happened. host: we'll leave it there. guest: republicans were hitting deficit spending that the budget that the cr isn't addressing the
realistically think it's going away any time soon? the republican fantasy budget reduces taxes dramatically without a hint of how it would be possible. without exploding the deficit or dramatically raising taxes on the middle class. this is consistent with what the romney ryan ticket said on the campaign trail last fall. the same issue where they dodged, assembled, and ignored the perfectly reasonable question how is it possible? six months later it's back in the budget but there's still -- but there still is no answer. during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world int
to raise the road use tax because we don't have enough to build our roads. now road use tax, that really should cause a person to think. that is a user's fee. we pay it in the gas that we buy, and we expect that when that nozzle goes into our tank and when we squeeze the nozzle to buy the gas we watch the dollars and they go up really fast when you see gas that's over four bucks a gallon, we watch those dollars go up on the pump. we also realize between the state and federal government a lot of us are paying 40-plus cents a gallon to build the road that we're wearing out with the gas we put in. that's a user's fee. when i came here and break this down and asked the question, of tax/user rth of gas fee, 18.3 cents a gallon, $1 of that, how much of that actually goes into roads and bridges? and i'll tell you it adds up like this -- then we reduce it a little bit on this number. three cents out of that dollar went for trails for bike trails, snowmobile trails and that sort of thing. 3%. there was a one time $16 million in one of our appropriation bills to do -- to clean graffiti off of the
,ave tax but neither would balance the budget in 10 years. also the congressional black caucus and the congressional progressive caucus will be introducing budget. it's possible a ryan version could be introduced in the senate. >> what is likely to happen in the senate this week? >> it will be democrats making the case for the patty murray budget. convince someto democratic senators who may not support that budget. they will have to sell it to democratic senators as well as republicans. no republicans are likely to vote for the budget. they will be calling for more spending cuts, no tax increases, balancing the budget sooner. >> republicans say this to be the first time in four years they have agreed to put forward a plan. why is this your difference? are a number of different things. there is a law that was passed that the members of congress will not get paid unless the have a budget resolution. , the debtwo years limit law basically established discretionary spending amounts, so you technically did not need a budget the last couple of years. also, democrats in the senate hav
an amendment the medicalveal device tax in the 2010 health care law. again, the debate is underway. we caught up with a capitol hill reporter for inside information on the budget proposals in the house and senate. among the amendments they have debated and .ost: let's talk about the cr guest: congress is saying at least for today we avoided a showdown. the senate has passed it, the house passed it yesterday, and what it does is continue what we have seen from government funding. this is the era that we live in. rds that disagree on the way spending and taxes should go -- parties that disagree on the way spending and taxes should go. it keeps the sequester in place , although it does gives -- give .ome flexibility basically, it keeps in place what we thought we already had, which is a working government, sequester, and the ongoing pay freeze for federal workers. host: is the sequester here to i am starting to think that it has to be. twos harder to see how the sides reach an agreement when the democrats say let's replace half of it with taxes and republicans do not want that. i do not think de
. that means more debt, fewer jobs, and much higher taxes from the american people. we hope the president will change his mind and submit a plan that balances the budget. let's be clear, democrats in this town who reject the goal of balancing the budget are out of step. the american people know you cannot continue to spend money you do not have. i did not come here for a federal tight -- fancy title. i want to hand my kids and grandkids the same shot at the american dream that i had, not some mountain of debt. that is why republicans are working to balance the federal budget. been talk about the budget here. thatu think budgets -- they are essentially political weapons -- [indiscernible] have they just become weapons, because at the end of the day they are not binding? ofa budget is a statement each party's vision and terms of how they would cover and what they think the appropriate role of the federal government is. the house has done its part today. hopefully the senate will finish their budgets in. i would hope we can have a conversation between the chambers to see if we cannot come to
. it may play out over the decades in a tax on traditional religious believers. qualify for can you a grant or a scholarship? can you get a government job if you hold this position that is suddenly declared bigotry? it would be very contentious and divisive process. i agree that it might well play out in a very different way in the role it has played out. >> audience, next chance for questions. >> wow. >> let me get this out there. whalen, get the sense from seeing the amount of young people in the room that he may be in the minority, just guessing. i am glad you here. young people do not see what is the issue. that said some people may even say what is the big deal about getting married but that is another radical thing i will i get into. >> we'll have 10 minutes. >> you talked a lot about tradition and a radical notion. how does this relate to the loving versus virginia? my question is for paul smith. what is the primary purpose of the petrol government incentivizing marriage in the first place for anyone? if same-sex couples can show they're able to fulfil the purpose, what a special or
of the ones that you think you are exempt from tax >> i'm not sure what the individuals or -- exempt from? individualsure what rules you're talking about. we were created as an organization that was not title 5, the normal employment rules there. we have been in discussions about other opportunities for employees. i would have to look at in detail what you are referring to. >> i will get to that list. i will also get to a letter detailing the complaints are received from my local agents as i walked through the airport now is turning into -- airport. now it is turning into e-mails and upon calls about harassment and retaliation. water was 3 years old for tsa officers. it was visibly dirty. that i think is an unacceptable treatment for people who are really working very hard and who are partners with us. i will get you a list. i do not want to take any more time. i would like a response to those negatives. recognizes thew ranking minority member, mr. thompson, for any question he may have. mr. pistole, last congress, this committee identified a security gap that would allow an individual on
. as a result we are more competitive. from low income to the high tax brackets, everyone is benefiting. the future's bright but only if we educate the half truths and begin telling the real story of america's natural gas revolution. the stories about technology, private sector innovation, investment, financial risk, thousands of new jobs, new competition, new growth, a growing and better standard of living for more americans, lower energy costs, new industries, a revitalized energy sector, more jobs, more growth, energy security and optimism. this is the story of america's natural gas revolution. i yield back. the speaker pro tempore: the entleman's time has expired. for what purpose does the gentlelady from illinois seek recognition? >> i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, the gentlelady is recognized for ne minute. >> mr. speaker, the ryan budget once again places the burden of deficit reduction on working americans while failing to stop the frivolous spending of oil subsidies for
currently living in the shadows. it includes passing a background check of paying taxes and going to the back of the line behind everyone else who is trying to come here legally. we know real reform requires modernizing the legal immigration system so citizens do not have to wait years before loved ones are able to join them in america and so we are attracting the highly-skilled entrepreneur hours that will create self-paying good jobs. will create good- paying jobs. no other country on earth welcomes as many new arrivals as us. as long as the promise of america and doors, as long as we continue to stand tall as a beacon of hope and opportunity, then the world's hardest workers, the hungry is the entrepreneur worse, men and women that are willing to make enormous sacrifices to have a better life, not just for themselves but children and grandchildren will keep coming. like the millions who came before and the 28 who are here today, they will bring with them new hopes, dreams, ideas, and new optimism about the future. that's will make a stronger. that is how we will make sure the b
they are raising a lot of money. in their own cases, it is their own money and it is not tax deductible. sylvester both mcmonkey mcbean anthe star- part of aeetches are privileged class. the analogy in the case of mass incarceration, the privileged class of folks who are not as worried at about being incarcerated. middle toe iddle to -- upper class, wealthy, white, you're not as worried about being stopped, frist, incarcerated but there are groups that benefit even more among the privileged class. i think about the corporate contract that provides prisons with all the have. everybody from victoria's secret to dell computers havhad private contract in prison that benefit from the prison complex. there is a certain group within the privileged class that benefit financially. in many00 cases to keep one person incarcerated. we all live in a state of fear so we opted that cost -- so we all pay that cost well as small percentage of the pvilege to reap the profits financially. forave you done the show kids? communicateway to this to children? >> yes, last week. we had high-school students at a theater la
. . . . >> it is a tax on new homebuyers. >> i wouldn't say it is a tax. path of continually raising it. you are talking about a piece that was put in place when the mortgage markets were in distress. we are looking at the composition of them including adverse markets and assessing what you're talking about. the overall path we are on is to continue to increase. >> let me ask you about long level price adjustments. they are three percentage point. they make fannie and freddie execution uncompetitive relative to the fha. reducing these fees would make high ltb lows more competitive. do you agree that they are distracting the market and hampering the return of capital? raise them, more we the more we will encourage private capital into this marketplace. 's with the administration intent on winding down fannie and freddie, is it your sincere and honest belief that the private market in and of itself this void? especially considering that 90% -- this is a huge void. 90% of all of the new mortgages are done by freddie and fannie. -- i am notng satisfied that we have something that
Search Results 0 to 18 of about 19